Sovereign Ltd has an issued capital of 300,000,000 shares sold at $2 each. Aman holds 6,000 shares. If Sovereign Ltd makes a 3 for 1 bonus issue, how many bonus shares will Aman acquire?
A) 9,000 shares
B) 2,000 shares
C) 1,800 shares
D) 4,000 shares
Correct Answer:
Verified
Q3: Which of the following is not a
Q4: Which of the following is not a
Q5: A firm with high business risk should
Q6: A bonus issue of shares will result
Q7: Select the incorrect statement concerning retained profits
Q9: The most important difference between a bonus
Q10: Venture capital is:
A) capital offered only to
Q11: The current market price of a company's
Q12: A type of short-term financing used by
Q13: Which factor should be taken into account
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